State could be liable for illegal home repossessions if EU law is not correctly implemented

AIB v Counihan ruling requires EU consumer law must be considered in repossession cases Government must follow example of Waterford County Registrar and suspend repossessions The Green Party today called on the Government to introduce a moratorium on home repossessions, warning that the State may be liable for illegal repossessions if EU law is not […]

Turn Up In Court And Fight For Your Home, Or The Bank Will Take It!

At a seminar this week for mortgage-holders in distress, The Hub-Ireland, an expert group campaigning to stop evictions, urged anyone facing possession proceedings to turn up in court and fight the banks. “There are many defences you can use,” said Byron Jenkins, “but you must show up. If you don’t, the bank automatically gets your […]

Anti-Eviction Campaigners Address Dáil Meeting

Representatives of The Hub- Ireland, a community group working to prevent evictions, and Ken Smollen, the Convenor of a recent conference on the mortgage-arrears crisis, yesterday met with TDs in Leinster House to highlight issues of public interest on this issue which they feel have not yet been brought under proper scrutiny within the public […]

EU Commission says evictions are the result of Irish government policy – Carthy

Sinn Féin MEP for the Midlands North West, Matt Carthy, has stated that the European Commission has acknowledged that the Irish Goverment’s merciless policy choices have led to a substantial increase in family home repossessions. Carthy, who is a member of the EU parliament’s economic & Monetary Affairs Committee, stated that the Commission’s response to […]

New Beginning Response to The Central Bank Figures on Mortgage Arrears

The figures released today by the Central Bank show the level of mortgage arrears continues to decrease. This is to be welcomed. New Beginning however notes with concern the following: Long term arrears continue to rise and now stand just short of 40,000 Up to 37% of all restructures (almost 45,000 cases) are short term […]

New Beginning welcomes Government Scheme to assist people facing repossession

New Beginning welcomes the government’s initiative to create ‘centres of excellence’ in 16 courthouses throughout the country. The scheme will mean that there will be mentors present in Court to assist people who are facing repossession. Distressed borrowers can then have access to proper and independent advice which is an excellent thing. New Beginning has […]

Senator Craughwell launches new policy to help those in Mortgage Arrears

Senator Gerard Craughwell has today launched a new policy document setting out five simple steps to assist those in mortgage arrears. The policy proposes a Credit Rating Amnesty, Independent Certificates of Affordability, Communications Protocols, Dedicated personal contacts and advances on Rent Allowance. ‘The problem of mortgage arrears is choking our economy. We need to focus […]

New Beginning slams Ulster Bank Mortgage write-off offer

New Beginning notes the Ulster Bank proposal today involving the possible debt write down for people who surrender their homes.   Ross Maguire, Founding Member of New Beginning, said:   This is a proposal designed to make Ulster Bank money and their customers homeless. People should be very careful here and get independent advice before […]

New €20m Fund to Assist Local Authority Mortgage Holders in Distress

Minister for Housing and Planning, Jan O’Sullivan, TD, today (11th Feb 2014) announced a new €20m fund to assist the most distressed local authority mortgage holders.  The fund will be used to offer the ‘mortgage-to-rent’ solution to these local authority mortgage holders across the country.   “The mortgage arrears problem is particularly acute in the local […]

No protection for mortgage holders under proposed legislation, says Irish Mortgage Holders Organisation

The Home Repossession Bill disguised as the Land and Conveyancing Law Reform Bill (LCLR Bill) 2013 will begin its passage before the Oireachtas.  Land and Conveyancing Law Reform Bill 2013 (Draft) Based on our experience with helping struggling homeowners during the current crisis, The Irish Mortgage Holders Organisation makes the following suggestions for changes to this very important piece of […]

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